Thimar Development Holding Co. Announces an update on the Commercial Court in Riyadh has accepted the proposal to conduct financial reorganization and set the voting date

Element List	Explanation
Introduction	With reference to the company’s announcement on 23-3-2022 regarding the acceptance of the Commercial Court in Riyadh for the proposal to conduct financial regulation, and based on the approval of approximately 80% of the creditors.

The company submitted a request to the financial regulator on 19-10-2022, with a request to postpone the payment of creditors for a period of 11 months, in accordance with the requirements of the system for rescheduling. This is to give the company sufficient time to prepare everything necessary to implement the approved financial regulation plan. Previous Announcement Thimar Development Holding Company announces that the Commercial Court in Riyadh has accepted the proposal to conduct financial reorganization and set the voting date Date of Previous Announcement on Tadawul's Website 2019-03-23 Corresponding to 1440-07-16 Percentage of fulfilled achievement 50% Event's Expected Completion Date Waiting for the approval of the concerned authorities Reasons for Exceeding the Announced End Date N/A The costs associated with the event, and if they have changed or not with indication of the reasons. N/A Impact of the Delay on the Company's Financial Results N/A Additional Information The company will announce later any developments in this regard

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